It used to be unrealistic to think that there was a war at home. But now this concern is becoming increasingly real. Especially in 2024, with November 2024 being the most likely month for a war to occur. If the new Taiwan dollar depreciates by more than 10% in an instant in November, then my biggest concern means it will happen. Although the Ukrainian war...
USDTWD💥1H-TIMEFRAME ANALYSIS
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Taiwan's export order totaled US$42.59 billion in February, with an YOY increase of 48.5%. The export order is estimated to grow even more by US$54.5 ~ US$56 billion in March, according to the ministry.
MM analysis
ICT ( +88.4% ), electronic products ( +52.4% ) and optical equipment industries ( +59.4% ) became the main driving force, drove up huge amount of...
the TWD raise almost reach satisfaction points.
the trend of USDTWD may change into consolidate or move up, which means the chance of TWD devaluation is high in the following future.
The already incredible low volatility of the US dollar to the Taiwan dollar somehow over the past few weeks managed to drop volatility even lower than before. The range trading has tightened further from 30.42 to 31 by a tighter range of 30.65 to 30.94. This is truly incredible, even for the foreign exchange market which has suffered (or enjoyed given your...
This forex pair suffers from a number of problems including manipulation, low volume, lack of interest, etc. The technicals are not on the side of those expecting divergence from these trends. Overall, expect a continuation of this sideways move.
This pair is significantly manipulated (as stated by the US Department of Treasury), lacks volume, and therefore lacks volatility. Will likely move sideways for some time to come.
USDTWD is a very low location, with a bullish divergence on daily. I'm expecting a breakout to the upside. Look to the price action for a potential small wave down before the breakout.
Taiwan Dollar is maintaining its strength versus the US Dollar since the beginning of 2017 and holds the longer term bearish trend. A head and shoulders pattern has formed on the weekly chart but is as yet complete. The 30 level could prove significant resistance and if it can break here, then 28/29 could be a potential further resistance level. Upside support may...
What is a meaningful relationship between the currencies of two very interlinked and substitute export-led economies appears to have broken down - at least directionally in this case.
I think they reconverge, so my bias here is long USDTWD... So now I shall look for an entry.
